Coopec, the tesla battery factory is estimated to cost $5 billion. They then need to source lithium and other rare earth materials to undertake production.
Elon Musk says its a huge gamble. If oil stays sub $75 I think that the odds of it coming off are very slim. The next owner of that factory might pay 20c in the dollar and make a go of it.
http://www.rgj.com/story/money/busi...bet-construction-costs-technobubble/22825137/
$50 to be the new norm, page-14
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Last
$27.34 |
Change
0.060(0.22%) |
Mkt cap ! $51.83B | |||
| Open | High | Low | Value | Volume |
| $27.18 | $27.37 | $27.16 | $84.71M | 3.091M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 10582 | $27.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.35 | 5376 | 19 |
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| Last trade - 12.35pm 20/06/2024 (20 minute delay) ? |
| WDS (ASX) Chart |